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Updated over 5 years ago on . Most recent reply

User Stats

37
Posts
61
Votes
Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
61
Votes |
37
Posts

Pay Off Student Debt or Invest While Paying it Down?

Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
Posted

Hi All! I'm about to graduate college and I live in the Louisville, KY market. Rental properties are decently priced but our area is growing with the addition of Amazon and other big time employers moving this way. My question is should I pay down my student loan debt (~$60,000) before or after I begin investing? I'd like to fly solo on some deals but am very open to partnering and learning from a seasoned real estate vet. I have a degree in accounting and a background in tax and bookkeeping so I would have no problem helping a potential partner with their bookkeeping for this property and other properties they may own. 

Most Popular Reply

User Stats

24
Posts
30
Votes
Brian Stephens
  • Lender
  • Louisville, KY
30
Votes |
24
Posts
Brian Stephens
  • Lender
  • Louisville, KY
Replied

@Jeff Byrne

Seems like the perfect time to house hack to me Jeff. Buy a place with 2-4 units and live in one while renting the rest. You can pay down your school debt faster because your renters are covering your housing costs and you will gain some valuable experience as an investor.

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